Bird Construction Income Fund Announces $82 million contract with the
Regional Municipality of Wood Buffalo for water treatment plant upgrade

LISTING: TORONTO STOCK EXCHANGE

SYMBOL: BDT.UN

TORONTO, Aug. 31 /CNW/ - Bird Construction Income Fund announced that a subsidiary of the Fund has been awarded an $82 million fixed price construction contract with the Regional Municipality of Wood Buffalo to upgrade their Athabasca water treatment plant located in Fort McMurray Alberta. The project is expected to be completed by the fall of 2012.

This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: T.J. Talbott, President and C.E.O. or S.R. Entwistle, C.F.O., Bird Construction Company Limited as Administrator of Bird Construction Income Fund, 5403 Eglinton Avenue West, Toronto, ON, M9C 5K6, Phone: (4l6) 620-7122, Fax: [phone]